United States GDP Growth Expectations by Economists
Well, as usual, I was doing my daily economical reading / research and i came across the zerohedge tweet from zerohedge.com site under a post titled "How bad is the US economy?". Yet, reading through it, I rather think the post should have been titled, United States GDP Growth Expectations by Economists.
The Charts Below were obtained from the zerohedge site, which in turn cites the charts to be taken from Bloomberg (apologies: no link included so I couldn't find the original charts)
Apparently the most recent forecast (median forecast by the economists ) for the second Quarter of 2013's GDP has been downgraded now to 1.0% annual growth. Similar trend was observed related to the GDP growth of the United States in the first quarter of 2013 U.S. economy’s first-quarter growth slashed to 1.8% instead of 2.4%; consumers cut back.
Both numbers come in line with the GDP growth of the United States in 2011 and 2012 of 1.8% and 2.2% and the eurostat forecast of a growth of 1.9% and 2.6 % in 2013 and 2014 respectively.
In short, the United States GDP growth is slow, ranging from 1 to 3 % from 2011 to 2013; yet, considering the Eurozone struggle, the Chinese economic slowdown, a 2% average year GDP growth doesn't seem so bad after all.
The Charts Below were obtained from the zerohedge site, which in turn cites the charts to be taken from Bloomberg (apologies: no link included so I couldn't find the original charts)
Apparently the most recent forecast (median forecast by the economists ) for the second Quarter of 2013's GDP has been downgraded now to 1.0% annual growth. Similar trend was observed related to the GDP growth of the United States in the first quarter of 2013 U.S. economy’s first-quarter growth slashed to 1.8% instead of 2.4%; consumers cut back.
Both numbers come in line with the GDP growth of the United States in 2011 and 2012 of 1.8% and 2.2% and the eurostat forecast of a growth of 1.9% and 2.6 % in 2013 and 2014 respectively.
In short, the United States GDP growth is slow, ranging from 1 to 3 % from 2011 to 2013; yet, considering the Eurozone struggle, the Chinese economic slowdown, a 2% average year GDP growth doesn't seem so bad after all.